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oracle's ceo kicked thins into high gear last night. lilian kim says he promised the fastest data processing yet. >> reporter: larry ellison took to the stage before a packed room of 10,000. he kicked off the five-day vent with several big product an hundredsments. >> oracle 12c, the c is for cloud. it is the first multi-tenant database in the world. >> reporter: it has been in development for more than four years. it is supposed to be vastly more efficient than traditional databases. he announced the oracle private cloud which can be kept behind the customer's own security firewalls. then the x-3 designed to store all databases in memory can >> if you thought the old datas were fast you ain't seen nothing yet many >> reporter: his keynote address was his first of two scheduled speeches. 50,000 registered for oracle's 30th annual conference. some say while the devil is in the details, they did like what they heard confidentiality is very important. therefore, giving us the infrastructure that we could have in our own private cloud, i th
oracle's ceo kicked thins into high gear last night. lilian kim says he promised the fastest data processing yet. >> reporter: larry ellison took to the stage before a packed room of 10,000. he kicked off the five-day vent with several big product an hundredsments. >> oracle 12c, the c is for cloud. it is the first multi-tenant database in the world. >> reporter: it has been in development for more than four years. it is supposed to be vastly more efficient than traditional...
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a pain south of market due to oracle convention traffic-wise, howard street closed the rest of the week between third and fourth major delays getting out of san francisco southbound and anywhere around mosconey center. we have an accident north 101 blossom hill out of lanes no significant delays past the scene. we have another accident 880 northbound at brokaw center. >>> 6:19. >> the tv anchor who fights back after a viewer calls her fat. >>> lin-sanity continues! the big new business deal in the works for palo alto native and nba sensation jeremy lin. >>> a story trending online: wisconsin tv news anchor who went on air to publicly respond to the viewer who had harsh words about her weight is speaking out again. jennifer living stone delivered a strong on-air editorial yesterday on the morning newscast after a viewer e-mailed her about her weight. she called the criticism cruel and said she is much more than a number on a scale. today livingston will talk with elizabeth vargas. there's so much more not story catch that at 7:00 right after our newscast. >>> palo alto's own nba star jer
a pain south of market due to oracle convention traffic-wise, howard street closed the rest of the week between third and fourth major delays getting out of san francisco southbound and anywhere around mosconey center. we have an accident north 101 blossom hill out of lanes no significant delays past the scene. we have another accident 880 northbound at brokaw center. >>> 6:19. >> the tv anchor who fights back after a viewer calls her fat. >>> lin-sanity continues! the...
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. >>> oracle world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product announcements including the unveiling of the oracle data base 12c. >> be my guest. it is the first multi tenant database in the world. >> it has been in development for more than four years, and it is supposed to be vastly more efficient than traditional databases. and there is the private cloud that should be kept behind the fire walls. >> if you thought the old ones were fast, you ain't seen nothing yet. >> it was his first of two scheduled speeches at open world. about 50,000 people registered for the user conference. some people we talked to say while the devil is in the details, they did like what they heard tonig
. >>> oracle world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product announcements...
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>> i think oracle, my top priority is my family and my second priority would be my job at oracle. all the other stuff whether it is a museum or architecture or flying airplanes or racing sail boats is a hobby. it is my pursuit of alternative stress. so i love to compete in business and all of my hobbies i am competitive, well-. >> thanks for spending the time with us. we appreciate it. the ceo of oracle. i will see you back in new york tomorrow. have a good night. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. syou know, i've helped a lot off people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place.
>> i think oracle, my top priority is my family and my second priority would be my job at oracle. all the other stuff whether it is a museum or architecture or flying airplanes or racing sail boats is a hobby. it is my pursuit of alternative stress. so i love to compete in business and all of my hobbies i am competitive, well-. >> thanks for spending the time with us. we appreciate it. the ceo of oracle. i will see you back in new york tomorrow. have a good night. if we want to...
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and what is oracle's plan to boost sagging hardware sales? those answers are straight ahead. >>> plus the face on facebook. leadership questions continue to dog the social media giant. can either mark zuckerberg or sheryl sandberg turn the company's sagging stock around? >>> and peering over the cliff. at least one organization is proposing a less painful alternative to falling off the fiscal cliff. find out who they are and what they plan to do, straight ahead on "the closing bell." tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local currencies. tdd#: 1-800-345-2550 i use their global research to get an edge. tdd#: 1-800-345-2550 their equity ratings show me how schwab tdd
and what is oracle's plan to boost sagging hardware sales? those answers are straight ahead. >>> plus the face on facebook. leadership questions continue to dog the social media giant. can either mark zuckerberg or sheryl sandberg turn the company's sagging stock around? >>> and peering over the cliff. at least one organization is proposing a less painful alternative to falling off the fiscal cliff. find out who they are and what they plan to do, straight ahead on "the...
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also making news on oracle's dif depd. more of this interview coming up. >>> plus, kkr is one of the world's largest private equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> welcome back. just keeps getting worse for hewlett packard. seema mody, how bad now? >> we're continuing to watch the big moves in hewlett packard. that's the big tech lagger today. jus
also making news on oracle's dif depd. more of this interview coming up. >>> plus, kkr is one of the world's largest private equity firms, so where is it seeing investment opportunities in this uncertain environment right now? kkr's head of global mac roand asset. accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of...
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. >>> oracle world world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product announcements including the thea base 12c. >> be my guest. it is the first multi tenant database in the world. >> it has been in development for more than four years, and it is supposed to be vastly more efficient than traditional databases. and there is the private cloud that should be kept behind the fire walls. >> if you thought the old ones were fast, you ain't seen nothing yet. >> it was his first of two scheduled speeches at open world. about 50,000 people registered for the user conference. some people we talked to say while the devil is in the details, they did like what they heard tonight. i.. >> the confident
. >>> oracle world world in san francisco kicked off with a keynote address from larry ella son. he announced some major new products. lilian kim is live at the mosconi center with more on that. lilian? >> alan, this is where it is all happening. we are at the mosconi center where they wanted to know what larry ella son had to offer. >> he took to the stage before a packed room of 10,000 people. on this opening night he kicked off the event with several big product...
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we don't go out as consumers and buy oracle, right? but you need oracle to run the data centers and the back office and the stuff that helps power all the information that we then download to our tablets and smartphones and notebooks. so if you're going to play software, what you want to focus on is those guys that are away from the consumer, the pc consumer, and more on the enterprise data center side. if i have to pick, yeah, i think oracle's going to behave a lot better. >> dan, why don't you like google? >> well, i think -- a lot of it has to do with the sentiment right now around the stock, which is somehow that everything's great and wonderful and the fact that facebook's not doing well means that google obviously is. if you look at google, they're going through the same issues that facebook is. and on the short term, it's not necessarily going to be that great. in the sense that -- the problem with facebook is people access facebook through their smartphones and tablets, you get less the advertisers -- they pay less because ther
we don't go out as consumers and buy oracle, right? but you need oracle to run the data centers and the back office and the stuff that helps power all the information that we then download to our tablets and smartphones and notebooks. so if you're going to play software, what you want to focus on is those guys that are away from the consumer, the pc consumer, and more on the enterprise data center side. if i have to pick, yeah, i think oracle's going to behave a lot better. >> dan, why...
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this is oracle open world. not just a celebration of relational data base software, this is a place where deals get made. a deal where oracle will use mapping technology. >>> american express will refund money to customers after accusations made that they broke federal laws in the way it billed, collected money and marketed its product. a number of consumer agencies claim they offered card users rewards that it never delivered. >>> eric simons launched his company. he became famous last year when he lived side the offices of aol without the company knowing it. no hard feelings. the idea he was working on while squatting at aol is now a company. it aims to bring teachers together through the power of social networking. and speaking of new things, it's a baby boy for yahoo! ceo and her husband announcing this morning on twitter. famously announced she'll take a short maternity leave. no name announced yet. the happy couple reportedly looking for suggestions. i know you have experience at that. >> all right. thank
this is oracle open world. not just a celebration of relational data base software, this is a place where deals get made. a deal where oracle will use mapping technology. >>> american express will refund money to customers after accusations made that they broke federal laws in the way it billed, collected money and marketed its product. a number of consumer agencies claim they offered card users rewards that it never delivered. >>> eric simons launched his company. he became...
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larry ellison who has led oracle has inspired confidence and leadership. this is what oracle ceo told me yesterday about leadership citing apple with steve jobs and hp. >> i have great respect for that company and tim cook. i will say it again. steve is irreplaceable. we have all lost something. he was our edison. he was our picasso. there is no one like him. apple will thrive but not like when steve was around. look what mark did when he was at hp. people forget how much trouble hp was in when he took over and what a spectacular job he did. it is like looking at the apple results. hp without mark herd. >> it is truly amazing with the person in the proith position might do but it is sad what the damage one person in the wrong position and charge. we are seeing bad leadership in too many posts. >>> we have a lot of economic data out tomorrow. dow industrials at 12 points. nasdaq composite at 3,135 and the s&p 500 up 5.24.
larry ellison who has led oracle has inspired confidence and leadership. this is what oracle ceo told me yesterday about leadership citing apple with steve jobs and hp. >> i have great respect for that company and tim cook. i will say it again. steve is irreplaceable. we have all lost something. he was our edison. he was our picasso. there is no one like him. apple will thrive but not like when steve was around. look what mark did when he was at hp. people forget how much trouble hp was...
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." >> the owner of the oracle yacht team is opening up to cnbc about what he plans to do with a hawaiian island he just bought. larry ellison says he wants to turn lanai into, quote, a little laboratory. he says he's going to convert seawater into fresh water on organic farms that he hopes will be exporting organic produce to japan. side note, also telling cnbc he would love to own the l.a. lakers one day. the lakers happen to be his favorite basketball team. >> scott ellison could afford the lakers. >> he's a very rich man. ellison in addition took out a $4 billion -- that's billion dollar -- credit, line of credit recently from the bank using stock. which means he could anytime he wanted to write a check for $4 billion. i'm sure that would be plenty to buy the lakers. meanwhile, other news. a woman suing venture capital firm kleiner perkins for sexual harassment says this morning she's been fired. the firm says she wasn't. she says she was terminated, told to clean out her office on monday. she's in the middle of that lawsuit against the firm. in a statement this moring, kleiner perkin
." >> the owner of the oracle yacht team is opening up to cnbc about what he plans to do with a hawaiian island he just bought. larry ellison says he wants to turn lanai into, quote, a little laboratory. he says he's going to convert seawater into fresh water on organic farms that he hopes will be exporting organic produce to japan. side note, also telling cnbc he would love to own the l.a. lakers one day. the lakers happen to be his favorite basketball team. >> scott ellison...
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that is the one that they went to court with oracle on. and printing, frankly, anybody that gets tablets, printing going goes down anywhere near 25% to 75%. so it's a crazily bad number for anybody on that front, as well. >> your price target is only $14. it sounds like you would short this company. are you prohibited from recommending that or do you think it's -- >> we're not. we think it is a short. frankly, we think this price is too high and we would want people to sell or short the stock here. >> peter, why do you think this company is not focusing more on software and services like ibm did many years ago and they've been very successful at it? why do you think they're going to know go after smartphones and tablets where they're going to be definitely a distant third or fourth or fifth, tenth higher or whatever it is? >> i think it's very difficult to do that and i think the management, the culture is on hardware as their last customer conference they had in june. they specifically said, we are a hardware company. and frankly, that's
that is the one that they went to court with oracle on. and printing, frankly, anybody that gets tablets, printing going goes down anywhere near 25% to 75%. so it's a crazily bad number for anybody on that front, as well. >> your price target is only $14. it sounds like you would short this company. are you prohibited from recommending that or do you think it's -- >> we're not. we think it is a short. frankly, we think this price is too high and we would want people to sell or short...
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. >>> it is good, very good, to be oracle ceo larry ellison. he bought the island of linai and now he wants to turn it into sustainable living. he made the comments daughter interview with cnbc. he control also the golf courses and commercial buildings. he owns the thing. he also controls the utilities. he now wants to convert seawater to fresh water and his goal is to use solar power and electric cars on that island. ellison purchased the island of la nai earlier this year. slice heaven. >> forget the of. >> don't need it. hawaii. >> all right. 5:11. preparing for the big one. we're not talking about earthquakes. the unusual test taking place. [ male announcer ] with all your car does for you, he really wants to hear those three little words: chevron with techron. care for your car. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cerios ...and now... you! [ giggles ] ♪ the one and only, cheerios >>> welcome back at 5:14. there's going to be a whole lot of action on the san francisco waterfront
. >>> it is good, very good, to be oracle ceo larry ellison. he bought the island of linai and now he wants to turn it into sustainable living. he made the comments daughter interview with cnbc. he control also the golf courses and commercial buildings. he owns the thing. he also controls the utilities. he now wants to convert seawater to fresh water and his goal is to use solar power and electric cars on that island. ellison purchased the island of la nai earlier this year. slice...